All 11 primary S&P 500 sectors trade higher as rebound gains steam

U.S. stocks rallied on Monday, with all 11 of the primary S&P 500 sectors in positive territory as equities staged a broad rebound. Each of the 11 primary industry groups had traded lower at some point during the day, as had the major indexes. However, stocks turned positive in morning trading and the gains accelerated throughout the session. The biggest gainer on the day was the utility sector, up 1.5%, while financial stocks rose 1.3%. The relative underperformer of the day was the industrial sector, up 0.6%. Investors appeared somewhat skeptical about industrial stocks given the looming threat of a global trade war, a factor that arose last week when President Donald Trump announced he would be instituting tariffs on steel and aluminum. Among the biggest gainers on the day, Netflix Inc.
NFLX, +3.10%
added 4.1% while General Electric Co.
GE, +1.82%
was up 2.8%. The Dow Jones Industrial Average
DJIA, +0.35%
rose 1.1% while the S&P 500
SPX, +0.01%
was up 1% and the Nasdaq Composite Index
COMP, +0.45%
was up 1.1%.

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